FSCS declares 16 financial companies in default


The Financial Services Compensation Scheme (FSCS) declared 16 companies in default, including several offering mortgage advice, between October 1 and November 30.

As companies have gone out of business and the FSCS believes they are unable to respond to complaints themselves, customers to whom they owe money may be able to obtain compensation through through the program.

The FSCS offers claims assistance to clients whose money is held in banks, building societies and credit unions, as well as for insurance, investment, counseling and arranging of mortgage loans. and debt management.

Caroline Rainbird, Managing Director of FSCS, said: “We know it is stressful when a financial company stops trading but owes you money. That’s why we have specially trained Claims Handlers who are there to help you every step of the way, and we’ll keep you posted on our progress. In fiscal year 2020/21, we helped over 52,000 clients get back on track, either by paying them compensation or allowing them to switch to a new supplier for their investment or policy. assurance.

The companies declared in default by the FSCS from October 1 to November 30, 2021 are as follows:

  • W. Dallas Financial Services Ltd, t / a (trader as)Portfolio retirement advice (FRN 481208), Unit 2 Langdon House, Langdon Road, Swansea, SA1 8QY.
  • Acklam Financial Ltée(FRN 223707), 261a Acklam Road, Acklam, Middlesbrough, TS5 7BP.
  • Armstrong Campbell LLP(FRN 437244), 9 Murton Street, Newcastle Upon Tyne, NE13 9AF.
  • Border Cars (Dumfries) Ltd, t / aBC Motorhomes, BCM, BM Services, Border cars (FRN 309061), 130-132 Terregles Street, Dumfries, Dumfriesshire, DG2 9DX.
  • Broadlands Ltd partnership, t / aManning Gee Investments (FRN 565547), 41 Ludlow Street, Penarth, Vale of Glamorgan, CF64 1EX.
  • Fortuna Wealth Management Ltd., previouslyFidelis Wealth Management Ltée, AWG Financial Ltée (FRN 774173), 24 Cannon Road, Wombourne, Wolverhampton, WV5 9HR.
  • Independent Benefit Consultancy Ltd(FRN 522390), Ingram House, 227 Ingram Street, Glasgow, G1 1AD.
  • Lifestyle Financial Consultancy Ltd(FRN 628838), Imperial Chambers, Widemarsh Street, Hereford, Herefordshire, HR4 9EP.
  • MCE Insurance Company Ltd.(FRN 611321), 1st Floor, World Trade Center, Gibraltar.
  • Meyado Private Wealth Management London Ltd, PreviouslyBerkshire Financial Advisers Ltd (FRN 442632), 23 Berkeley Square, London, W1J 6HE.
  • Direct Network Limited(FRN 501761), 5 Lancer House, Hussar Court, Westside View, Waterlooville, Hampshire, PO7 7SE.
  • Retirement Planning and Retirement Services Ltd.(FRN 542640), Unit 32, Mount Osbourne Business Center, Oakwell View, Barnsley, South Yorkshire, S71 1HH.
  • Spires Indépendant Ltée, t / aPaladin, Tony Castrey Wealth Management (FRN 585453) 33 Market Street, Lichfield, Staffordshire, WS13 6LA.
  • Tramway Financial Management Ltd(FRN 752006), Suite 2, Croft Lane, Temple Grafton, Alcester, Warwickshire, B49 6PW.
  • West Wales Financial Services Ltdyour IWA Financial Solutions, Mike Powell Mortgages (FRN 756482), 6a Llys Y Barcud Clos, Gelliwerdd, Cross Hands Industrial Estate, Cross Hands, SA14 6RX.
  • Will Insurance Services Ltd(FRN 306782), 4 – 6 Ellingfort Road, Hackney, London, E8 3PA.
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